61585 Crest Circle Drive
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | Listed by Joshua Tree Modern | $375,000 | |
| Listed by Joshua Tree Modern | |||
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The Atomic Desert Dream House: Your retro-futuristic, authentic mid-century modern getaway that bridges the past and present. Very few mid-century properties exist in Joshua Tree, and this may be the only example preserved in mint, near original condition — complete with veneer wood cabinetry in the kitchen, period antiques, and vintage tile work in the bathroom. Discover this spacious, 3-bedroom, 1-bathroom 1,249-square-foot dwelling with upgraded appliances and central air-conditioning/heating. The third bedroom/bonus room is an extra-large flex space. A new roof was installed after present owner purchased property, as well as terrazzo-style tile floors, and double-pane windows throughout. Viewed from the interior, a joshua tree stands in the front yard framed by the large front window. The home is positioned on a corner lot with an empty lot across the street and behind the house for added privacy. With meticulous desert landscaping, several mature olive trees add yet another layer of seclusion. A high-quality block retaining wall demarcates the backyard. Two sheds provide ample space for storage, in addition to the enclosed laundry room, which could be converted into a large work-from-home space. The property also features a covered carport for efficient, Jetson-style parking. Sold turnkey/fully-furnished! All decor and furnishings are inspired by the American “Atomic Age,” which was the 1960s visualization of space-age style. Incredible location — walking distance from downtown Joshua Tree, and a short drive to Joshua Tree National Park. Cozy southside neighborhood. Presently used as a part-time residence and part-time Airbnb to be delivered seamlessly to buyer looking for same. For mid-century aficionados, look no further for perhaps the most affordable example in SoCal.
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| Jun 11, 2018 | Sold | ||
| Sold | |||
| May 6, 2018 | Listed by Joshua Tree Realty | $175,000 | |
| Listed by Joshua Tree Realty | |||
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About Joshua Tree
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017